19 April 2021 By Remi Johnson
The Federal Capital Territory Administration has inaugurated a Committee to partner financial institutions on land matters for effective revenue generation.
Inaugurating the Committee in Abuja,the Permanent Secretary, FCTA, Mr Adesola Olusade said the move was aimed at inventing alternative sources of revenue generation, and to FastTrack processes involved in the acquisition of Certificate of Occupancy and other title documents for various individuals in the Federal Capital Territory.
Mr Adesola who pointed out that embracing alternative sources of income became necessary, as a result of the shortfall in crude oil prices,to enable the FCT Administration meet the demands for social amenities and other infrastructural development.
Mr. Adesola called on the Committee to come up with recommendations with a view to addressing delay in the acquisition of Certificate of Occupancy, other title documents as well as unlock huge revenue stucked in land transactions.
The Committee was given one week to submit its report for the Administration to take immediate action.
Responding, Chairman of the Committee, Harisu Umar commended the Permanent Secretary for the laudable and proactive initiative.
The committee Chairman assured the Permanent Secretary that the committee would work hard to achieve its terms of reference, and thanked the Permanent Secretary for the confidence reposed in them.
The Permanent Secretary FCTA also used the medium to call on residents to begin to pay for services enjoyed; such as sanitation and pipe borne water among others.